June 25, 2012

Pittsburgh Port Authority adopts $333M balanced budget

Port Authority of Allegheny County's board of directors adopted a $333 million operating budget for Fiscal Year 2013. The budget is balanced, assumes no additional outside funding and includes a fare increase set for July 1 and a 35% service reduction scheduled for September 2.

The Fiscal Year 2013 budget may be amended if changes are made to Port Authority’s operating funding or expenses.

"We continue to work with state, county and union leadership on a solution in the hopes of avoiding the September service reductions," said Port Authority CEO Steve Bland. “Collectively we recognize the loss of 46 transit routes would be devastating to our community and to the local economy.”

This year's operating budget contains $333 million in total expenses, down from $370.2 million total expenses in Fiscal Year 2012. View a presentation on the budget here.

The agency also approved capital improvement budgets for two years. The Fiscal Year 2012-13 budget totals $138 million and Fiscal Year 2013-2014 budget totals $135 million. The Fiscal Year 2013 capital budget has been amended from an original projection of $149 million, deferring additional bus purchases, and park and ride expansion.

Operating and capital improvement budgets serve different functions. The capital budget reflects how Port Authority maintains its extensive system, including more than 26 miles of light rail tracks, nearly 15 miles of busways and roughly 800 vehicles. Capital funding cannot be used for operating expenses.

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